What started out as a very lackluster morning – nearly everything was ranging – ended up being a very good day for my results. I started out taking 2 trades on the US Durable Goods news, along with the release of the new Fed Chairman’s testimony at 7:30 (CST). Both trades were stopped out in fairly short order, so I started the morning down 20 pips. I got back that 20 on an EURUSD trade that I held for a…
Shoulda, woulda, coulda. The bain of every trader. Absolutely useless – the only thing that matters is what you actually DID do. Nevertheless, it’s hard not to indulge at times. Today’s results summary: 6 trades, 3 Wins, 3 Losses, resulting in basically break even: +1.8 pips. What’s disappointing is that, at one point, I was up close to 40 pips – a number that would have met my goal for the day. I started the week down <91> pips for…
Today (February 21) was a vvveeerrrryy slow session in advance of the FOMC meeting minutes being released at 1:00 PM CST. There was the GBP inflation hearings going on at 8:15 that promised extended and unpredictable volatility in the pound pairs. There had been a good CDM downward overnight so I jumped on a yellow-line (YL) trade in both the GBPUSD and the GBPJPY about 7:30, hoping to capture a few pips before the hearings began. I was stopped out…
Trading results for this week (2/5-2/9): Monday: No trades Tuesday: <49> Wednesday: <21> Thursday: +11 Friday: No trades. Net for the week: <60>
Results for trading January 31, 2018 (yesterday): 15 total trades, 6 wins, 9 losses, Net loss of <51> pips (-2.57%) Total for the last week of January: <144> pips (-7.10%) Total for month of January: Week 1: <104.6> Week 2: <92.2> Week 3: <129.4> Week 4: <59.8> Week 5: <144.0> Total for January: <410.4> (-18.57%) Looking back over my trading logs for the last two years, that is the second worst month in my records. Interestingly, the worst (<578.8>)…
Results: 10 trades, 3 wins, 7 losses. Down <42.3> (-2.3%) The day started out looking promising, as several traders had reported excellent results from the overnight London session. But that never means that trend is necessarily going to follow through in the New York session. With no early new (Conference Board Consumer Confidence at 9:00 CST was the first thing on the calendar), I started out very conservatively. I did end up down 20 before the Trade Planning session. was…
Results: 6 trades, 6 losses, for <51> pips We saw a return to something we have seen quite a bit over the last few months – no follow through. My trade plans showed the Euro and Pound pairs in Clear Directional Moves (CDMs), but every thing else in ranges. I ended up taking Yellow Line trades short on both the GBPJPY and GBPUSD pairs shortly before the NY equities open, and then added an RBO trade on the EURGBP. The…
I don’t normally trade the London session, which starts at 2:00 AM my time, and I don’t normally trade on Fridays. But I’m way down for the month, and there’s only a few sessions left next week, plus I woke up at 2:00 and my mind was too active to go back to sleep, so I decided if I was awake anyway, I might as well get up and take a look anyway. When I went through the trade planning…
First, by way of introduction, I intend to make this a regular feature, in which I recap my experiences trading the PATI criteria and methodology in the market each day. This is as much for my benefit as for you, the reader, because it forces me to reflect on the market conditions and what I might have done differently. For background, this year (2018) has gotten off to a very rocky start for me. My first 9 market sessions all…